Rockwell Finalises Athena Technologies Acquisition

10 April 2008 (Last Updated April 10th, 2008 06:41)

Rockwell Collins has completed its acquisition of unmanned aerial vehicle navigation producer Athena Technologies. Athena Technologies will now operate under the Rockwell Collins name, with its financial results reported as part of the Government Systems business unit. Athena

Rockwell Collins has completed its acquisition of unmanned aerial vehicle navigation producer Athena Technologies.

Athena Technologies will now operate under the Rockwell Collins name, with its financial results reported as part of the Government Systems business unit.

Athena produces the GuideStar family of compact flight-control systems for applications on commercial aircraft, UAVs, target drones and missiles.

The acquisition is projected to be neutral to Rockwell Collins' fiscal year 2008 earnings.

Financial details of the deal were not disclosed.

By staff writer